Net profit of Ridhi Hydro decline by 35.84%

Kathmandu February 7- Ridhi Hydropowe development company has earned Rs. 6.7 million net profit in the second quarter of current FY which is 35.84% decrease than the corresponding period of previous FY that was Rs. 10.4 million. Sales of the company are amounted to Rs. 13 million.

Company has increased its reserve fund by 21.20% to Rs. 63.4 million which was Rs. 52.3 million last year. Similarly company's investment has increased by 0.02% to Rs. 31.6 million. Operating profit of the company has decreased by 29.10% to Rs. 10.3 million. Decrease in income and operating profit of the company has led decreased profit which ultimately, has caused lower investment of the company.

Ridhi Hydro power's EPS is Rs. 2.03, P/E ratio is 194 times, net worth per share is Rs. 119.23 and liquidity ratio is 1.45%.